Role in IT decision-making process:Align Business & IT GoalsCreate IT StrategyDetermine IT NeedsManage Vendor RelationshipsEvaluate/Specify Brands or VendorsOther RoleAuthorize PurchasesNot Involved

Work Phone:

Company:

Company Size:

Industry:

Street Address

City:

Zip/postal code

State/Province:

Country:

Occasionally, we send subscribers special offers from select partners. Would you like to receive these special partner offers via e-mail?YesNo

Your registration with Eweek will include the following free email newsletter(s):News & Views

By submitting your wireless number, you agree that eWEEK, its related properties, and vendor partners providing content you view may contact you using contact center technology. Your consent is not required to view content or use site features.

By clicking on the "Register" button below, I agree that I have carefully read the Terms of Service and the Privacy Policy and I agree to be legally bound by all such terms.

Facebook Shows Solid Earnings as Mobile Ads Trend Up

The huge social network brought in $1.458 billion in the first three months of 2013, compared with $1.585 billion in Q4 2012; profits were also down slightly.

Facebook reported its second-best fiscal quarter as a public company on May 1, and even though its revenue tailed off a bit from the previous quarter, the company's Q1 2013 earnings were generally on target with Wall Street projections.

The Menlo Park, Calif.-based social network brought in $1.458 billion in the first three months of 2013, compared with $1.585 billion in Q4 2012. Profits totaled $213 million, compared with $256 million in the last financial period.

Facebook banked earnings per share of 12 cents. Revenue grew 38 percent compared with the same quarter a year ago.

Wall Street analysts had predicted revenue of $1.44 billion and 13 cents per share, so Facebook exceeded the first figure and missed the second by a penny.

Further reading

The company's newly revamped mobile advertising accounted for some 30 percent—or about $375 million—of its ad revenue for the quarter. Total revenue from advertising came out to $1.25 billion, or 85 percent of total revenue.

Analysts were expecting about $1.25 billion in total advertising revenue with 27 percent ($340 million) coming from mobile advertising.

"We've made a lot of progress in the first few months of the year," CEO and co-founder Mark Zuckerberg said in a statement. "We have seen strong growth and engagement across our community and launched several exciting products."

Facebook's charts showing monthly and daily active users look like a perfect stairway with the growth so steady. The company reported that it had 1.11 billion monthly active users as of March 31, 2013, up from 680 million two years ago.

Facebook increased its daily active users to 665 million people—an increase of 26 percent year over year. The company is seeing its greatest growth in the mobile user area. Zuckerberg said Facebook had 751 million monthly mobile active users by March 31, which is a 54 percent year-over-year upsurge.

Chris J. Preimesberger

Chris J. Preimesberger is Editor-in-Chief of eWEEK and responsible for all the publication's coverage. In his 13 years and more than 4,000 articles at eWEEK, he has distinguished himself in reporting...

By submitting your information, you agree that eweek.com may send you eWEEK offers via email, phone and text message, as well as email offers about other products and services that eWEEK believes may be of interest to you. eWEEK will process your information in accordance with the Quinstreet Privacy Policy.

We ran into a problem

We already have your email address on file. Please use the "Forgot your password?" link to create a password, validate your email and login.